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Dec 13, 2012
12/12
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but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. two and a half hours left before the bell rings. once again, this is the cha
but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress....
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Dec 17, 2012
12/12
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b of a is the best performing stock. so is citi. when it comes to the investment banks and brokers -- and it's the best performing stock among that sector. but again some big gainers here too. look at goldman sachs. jeffreys up nearly as much. knight capital is the big negative after the trading glitch that really threatened the company. down 73%. and even as americans have continued to deleverage this year, they're still spending. and stocks of the credit card companies have all seen double digit gains as well. american express only 21%. apartment rates. look at this stock here. it started the year really strong. investors piled in with the big demand for rentals. as the demand and the drop in vacancies, you've seen that fade. diana has talked a lot about this. looks like that sector will be one of the biggest laggers. >> watch for that for next year, i guess. >> it depends. people got into other reads for bigger yields. >> very good. >> i guess coming from such a low base, that's one of the real issues and one of the boosts for ba
b of a is the best performing stock. so is citi. when it comes to the investment banks and brokers -- and it's the best performing stock among that sector. but again some big gainers here too. look at goldman sachs. jeffreys up nearly as much. knight capital is the big negative after the trading glitch that really threatened the company. down 73%. and even as americans have continued to deleverage this year, they're still spending. and stocks of the credit card companies have all seen double...
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Dec 5, 2012
12/12
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citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers were asked that question. we have their answers. we have names coming up. stay with us. >> get pencil to paper. >>> also ahead, the art of negotiation. we're going to hear from somebody who says a deal on the fiscal cliff could have already been reached if only lawmakers took a page out of wall street's deal making strategy of keeping things behind closed doors. where have we heard that before? >>> plus, secretary tim geithner with us exclusively. will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy i
citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers...
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Dec 18, 2012
12/12
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the fed will be more comfortable for citi buying back shares than dividend because citi is pretty much an unproven story. what i like now about this management versus the old management, instead of going out and trying tonight biggest, greatest global story, they are really focusing on internal execution and right-sizing the company. they have needed to do that for a long time. i hope they go for as far as they need to. >> the c-card, this is an event that the fed will either approve or disapprove of the capital plan for these banks. >> yes. >> and you're expecting the fed will approve all these dividends as well as capital -- as well as stock buybacks. >> to a certain degree. the fed will be more comfortable. if sympathy commits to buying shares back and something changes and there's more uncertainty around citi, they can halt their share. they won't have to cut their dividend again, but for bank of america i expect them to do both, increase their dividend and buy shares back. >> i guess i was reading an article recently that the federal reserve had become so involved in decisions abo
the fed will be more comfortable for citi buying back shares than dividend because citi is pretty much an unproven story. what i like now about this management versus the old management, instead of going out and trying tonight biggest, greatest global story, they are really focusing on internal execution and right-sizing the company. they have needed to do that for a long time. i hope they go for as far as they need to. >> the c-card, this is an event that the fed will either approve or...
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we highlight that in the silver city which is. cheryl: energy and realty but not closely. very interesting what you are saying. look at wireless. >> an interesting one. we thought highly of the company, many investors did. in place of ipo on top of a range traded down 18%. it was an ipo disaster. today is trading 15% above the ipo price. what a turnaround. investors are coming back to look at these growth companies. that disaster of the deal turned out not to be such a disaster. cheryl: when i save facebook t d c disaster of the deal? >> near-term yes but long-term an interesting company. the stock dropped 50% off of the ipo price to a bottom of 1750 a share. it is almost $20 a share. if you bought the stock in october you would have a nice gain. cheryl: using facebook is one of the things that turn off investors? several ibms we have spoken about, performances have been negative. what does that say about the appetite? >> no doubt about facebook being one of those the cause the state of paralysis. the ridge we did things in 2012, we facebook caused the ipo market to close
we highlight that in the silver city which is. cheryl: energy and realty but not closely. very interesting what you are saying. look at wireless. >> an interesting one. we thought highly of the company, many investors did. in place of ipo on top of a range traded down 18%. it was an ipo disaster. today is trading 15% above the ipo price. what a turnaround. investors are coming back to look at these growth companies. that disaster of the deal turned out not to be such a disaster. cheryl:...
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Dec 10, 2012
12/12
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each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next year or so? 20 years, 50 years perhaps. number three. you say it's all the unfunded pension liability risk globally, how is that
each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a...
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Dec 17, 2012
12/12
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probably not quite in jersey city, but knight capital, nobody is talking but the first board of directors continues to weigh the company's future. there is a meeting, charlie gasparino knows all about it about the bidding more. charlie: it has descended over the trading said. the board meeting is in new york. liz: the opposite of the giants. charlie: whatever. i got what you mean. but the board on these two bids finally the saga is it looks like it is coming to an end. what is interesting here is that the board has been meeting since 8:00 a.m. why is it taking this long? you would think, former new york mercantile exchange chairman who allegedly put up a cash bid. if you put up a cash bid for $3, this thing is done. i wonder there is something about financing. 1.50 ye$1.50 billion. they literally have financing from our place. they wonder why they did it not being hit very hard. on the other hand, they virtually do the same thing. high frequency trading. they want to get the market making unit. it is a hard business. making the market, putting the buy and sell together. the handle retail
probably not quite in jersey city, but knight capital, nobody is talking but the first board of directors continues to weigh the company's future. there is a meeting, charlie gasparino knows all about it about the bidding more. charlie: it has descended over the trading said. the board meeting is in new york. liz: the opposite of the giants. charlie: whatever. i got what you mean. but the board on these two bids finally the saga is it looks like it is coming to an end. what is interesting here...
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Dec 19, 2012
12/12
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that is the blunt reality. whether it is in city streets, gangs or a horrible shooting like this. republicans should stand up and save reasonable gun control, the kind mayor bloomberg is calling for, reasonable gun control now. we can't have business as usual. that is why is so important to have the dollars and cents approach. people have to know that we have leaders are responding on every level to protect our children. liz: you worked hard for this to divest all gun stocks. this is a letter sent to john luke, comptroller of new york first on fox business, at the quince -- trustee, $40 billion in assets in the pension fund. keep us posted. it will be news, thank you very much. closing bell ringing in seven minutes. in the next hour we have don woods, ceo and president of federal realty investment trust, he is bullish on commercial rates but has one big concern you need to hear about from a year dividend lovers, but first we're counting down the final minutes, take a closer look at bed, bath and beyond as it gets set to report news "after the bell". get your coupons ready. i alway
that is the blunt reality. whether it is in city streets, gangs or a horrible shooting like this. republicans should stand up and save reasonable gun control, the kind mayor bloomberg is calling for, reasonable gun control now. we can't have business as usual. that is why is so important to have the dollars and cents approach. people have to know that we have leaders are responding on every level to protect our children. liz: you worked hard for this to divest all gun stocks. this is a letter...
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Dec 14, 2012
12/12
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>> the meeting is scheduled i believe in new york city although i don't know the exact date and details. liz: will you come? >> i will not come but i may be involved by phone. we haven't worked out any of the details. liz: you should be there and show up with a bunch of sisters and really -- you could get some real action where frankly perhaps much larger shareholder institutional shareholders have not gotten action. you guys do $9 million in stock and add to that position, but you could really have an effect here because of the obvious. you are a group of nuns and that would be horrible pr for city. >> right. liz: is that something you would take into consideration? coming here and showing them you mean business? >> that is a possibility. we need to work out the details for that. >> we're still working on timing all that. is something certainly we think is very positive that would they entered a dialogue as a response to their filing of the resolution. liz: brand new ceo did make some moves. it hurts people to have layoffs but in a 11,000 layoffs. that turned out to be only 4% of the c
>> the meeting is scheduled i believe in new york city although i don't know the exact date and details. liz: will you come? >> i will not come but i may be involved by phone. we haven't worked out any of the details. liz: you should be there and show up with a bunch of sisters and really -- you could get some real action where frankly perhaps much larger shareholder institutional shareholders have not gotten action. you guys do $9 million in stock and add to that position, but you...
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Dec 18, 2012
12/12
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>> well, great concern about the whole economy of the city, the unemployment rate, business continuity, and the country for that matter. what we're looking at, the potential that we could go over the fiscal cliff and jump quickly into a global recession, double the reception -- recession. liz: would you say 11 plus%. >> absolutely. liz: now, let me just explain what you do. you deal with a lot of ceos, get them in discussions and conversations to find out what it is they need to flourish in this city, state. >> number one is to, for washington to get its act together, come to a bipartisan resolution of our huge debt situation. accumulating debt at the rate of $3 billion a day. at this rate we are going to drive this nation into the ground, and we are going to create a horrible economic future. liz: you are part of the fix the debt campaign. many ceos on this fix the debt campaign group. so many of them here in new york as well, but what would you say if i said to you that the solution may, perhaps be that higher income folks will have their taxes hiked disproportionately depending on h
>> well, great concern about the whole economy of the city, the unemployment rate, business continuity, and the country for that matter. what we're looking at, the potential that we could go over the fiscal cliff and jump quickly into a global recession, double the reception -- recession. liz: would you say 11 plus%. >> absolutely. liz: now, let me just explain what you do. you deal with a lot of ceos, get them in discussions and conversations to find out what it is they need to...
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Dec 5, 2012
12/12
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that was the other side of this. citi with that announcement they were cutting their costs. today one of the big gainers. that set off a rally in financials. bank of america closing about $10 for the first time in 17 months. >> all right, bertha. thanks so much. hopes running high for pandora media, meanwhile. >> the radio advertising market alone that we're just beginning to scratch the surface of is a $15 billion plus market. we're a leader in mobile, which is set to become another $15 billion plus market. >> we're going to hear more from the radio company ceo. >>> later, our panel of wall street pros will tell you what you need to know about tomorrow morning's market in a full minute and a half. you'll want to know what's going to move money around tomorrow. can't afford to miss it. stick around on "closing bell." or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultim
that was the other side of this. citi with that announcement they were cutting their costs. today one of the big gainers. that set off a rally in financials. bank of america closing about $10 for the first time in 17 months. >> all right, bertha. thanks so much. hopes running high for pandora media, meanwhile. >> the radio advertising market alone that we're just beginning to scratch the surface of is a $15 billion plus market. we're a leader in mobile, which is set to become...
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Dec 6, 2012
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certain city tty is the greates we're looking for. getting to a solution almost seems to be as important or more important than the solution itself. you need to know what the plan is. >> what are they saying in terms of 2013? what's the outlook? >> the outlook is as reported. if we go over the cliff, the outlook is less optimistic, obviously. will it be like it was back in 2007? i don't think that's the case. it won't be positive. growth will stymy. it becomes a problem. >> of course, we know businesses today have got, what, $3.6 trillion in cash on balance sheets. are you expecting that cash to go to work in 2013? how will folks allocate that money? >> one of the things that has to happen, based on what we see from want cliethe clients we se there was tax reform, that would accelerate moving that cash. certainty first, tax reform second. >> i guess that's what i'm trying to get at. what are you hearing in terms of executives in terms of what they're going to do now. i understand they want certainty. of course. but what are you hearin
certain city tty is the greates we're looking for. getting to a solution almost seems to be as important or more important than the solution itself. you need to know what the plan is. >> what are they saying in terms of 2013? what's the outlook? >> the outlook is as reported. if we go over the cliff, the outlook is less optimistic, obviously. will it be like it was back in 2007? i don't think that's the case. it won't be positive. growth will stymy. it becomes a problem. >> of...